COMP <GO>
MSTR vs TSM // EV/EBITDA & P/E VALUATION
Strategy Inc Common Stock Class A (NASDAQ) VS. Taiwan Semiconductor Manufacturing Company Ltd. (NYSE) • 15-METRIC TALLY: MSTR 5
— TSM 8
■ METRIC PARITY
LAST: $130.51 (-7.84%) • MKT CAP: $59.76B
valuation
—
LAST: $406.13 (-5.95%) • MKT CAP: $2.24T
valuation
14.9x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (MSTR VS. TSM)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | MSTR | TSM | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 68.70% | 62.00% | +6.70 | MSTR | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -8.60% | 14.90% | -23.50 | TSM | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | 14.9x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -0.13% | 3.99% | -4.12 | TSM | /fcf-yield <GO> |
| Operating Margin | -60.00% | 21.10% | -81.10 | TSM | /operating-margins <GO> |
| Net Profit Margin | -60.00% | 16.40% | -76.40 | TSM | /net-margins <GO> |
| Revenue Growth (YoY) | 3.00% | -3.30% | +6.30 | MSTR | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 3.28 | 3.87 | -0.59 | TSM | /balance-sheet <GO> |
| Piotroski F-Score Quality | 4/9 | 7/9 | -3.00 | TSM | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 7.90% | 8.30% | -0.40 | MSTR | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 40.1 | 38.3 | +1.77 | MSTR | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.30 | 1.42 | -0.12 | TSM | /macro-sensitivity <GO> |
| Forward P/E Multiple | 18.0x | 20.2x | -2.20 | MSTR | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $59.76B | $2.24T | -$2.18T | TSM | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | MSTR REV | TSM REV | MSTR GROSS % | TSM GROSS % | MSTR FCF | TSM FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $477.2M | — | 68.7% | — | -$75.5M | — |
| FY 2024 | $463.5M | — | 72.1% | — | -$56.0M | — |
| FY 2023 | $496.3M | — | 44.0% | — | -$9.6M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
MSTR // BETA 1.30
TSM // BETA 1.42